We examine the influence of Quantitative Easing (QE) on hedging effectiveness and performance (E&P) of international … bond portfolios. During the QE period, the bond portfolios have significantly lower excess returns and variances, and their … negative with the Fed's Treasury holdings. E&P are higher for optimal versus full hedging during the QE versus pre-QE period …

We study how the Federal Reserve's quantitative easing (QE) influenced the behavior of Agency mortgage real estate …. We document that Agency mortgage REITs: [i] equity prices reacted to QE announcements and in a manner consistent with …